Portland, CT – The Town of Portland announced the installation of a solar photovoltaic (PV) system at Brownstone Intermediate School, located at 14 Main Street.
The 67 kW system is projected to save the town more than $10,000 annually in energy costs and more than $206,000 over the term of the power purchase agreement (PPA). This project was installed by Greenskies Clean Focus and was part of the Connecticut Green Bank’s Solar Municipal Assistance Program (MAP). Portland is one of the first towns to complete the program which is now in its fourth year assisting towns with solar support.
Through Solar MAP, the Green Bank provides technical support to municipalities to develop solar PV projects on municipal buildings, such as town halls, emergency services buildings, and schools. The Green Bank also provides financing for the solar systems through a PPA, which allows the municipality to access solar with no upfront installation costs, no new debt to incur, and no operations and maintenance costs.
“As one of our first group of Solar MAP towns, Portland has been an excellent partner as the Green Bank team supported the project from inception through completion. We are excited to see this solar installation at Brownstone energized and begin saving the school money,” said Mackey Dykes, vice president of financing programs at the Connecticut Green Bank.
Inclusive Prosperity Capital (IPC), a nonprofit investment fund dedicated to financing clean energy projects that benefit traditionally underserved markets and projects, is partnering with the Green Bank to own and maintain the system.
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For more information on the program, visit ctgreenbank.com/solarmap/.
